BK stock: buy or sell?
September 20th, 2019
The Bank of New York Mellon Corporation provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally.
Should I buy BK stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Bank Of New York Mellon stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Bank Of New York Mellon stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we gathered 12 ratings published for BK stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-9||JPMorgan Chase & Co.||n/a||Underweight|
|2019-7-18||Keefe, Bruyette & Woods||Underperform||Market Perform|
|2019-4-18||Royal Bank of Canada||Sector Perform||Positive|
BK stock analysis
Shares of Bank Of New York Mellon closed today at $46.37 and declined a rough -1.30%.
Shares of Bank Of New York Mellon declined a rough -1.30% and closed at $46.37. From a daily perspective, BK is in a short term uptrend after plotting its last bottom ($45.36, on Tuesday) higher than the previous bottom, and its last top ($47.45, yesterday) also over the previous top. Now trading in between its last bottom and last top BK might consolidate in a plain range, waiting to break out over $47.45 or down under $45.36. Since price and SMA100d lines crossed up on September/9, BK climbed $3.34 (7.76%).
After boosting a dazzling 8.25% in a week last week, Bank Of New York Mellon closed this week at $46.37 and declined a disappointing -1.13%. By mid August BK collapsed a scary -8.22% in just one week.
BK stock price history
BK stock historical price chart
BK stock reached 52-week highs on March at $53.60, and all-time highs 2018-01-16 with a price of 56.82.
BK stock price target is $48.20How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 10 price predictions for BK stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-17||Morgan Stanley||Raises Target||$41.00||$42.00||2.4%|
|2019-8-21||Deutsche Bank||Lowers Target||$47.00||$45.00||-4.3%|
|2019-7-9||JPMorgan Chase & Co.||Lowers Target||$50.00||$49.00||-2%|
|2019-7-18||Keefe, Bruyette & Woods||Upgrades||$46.00||$47.00||2.2%|
|2019-7-18||Buckingham Research||Lowers Target||$53.00||$50.00||-5.7%|
|2019-6-5||Morgan Stanley||Lowers Target||$54.00||$50.00||-7.4%|
|2019-6-26||UBS Group||Lowers Target||$49.00||$45.00||-8.2%|
|2019-4-18||Royal Bank of Canada||Lowers Target||n/a||$52.00||-|
|2019-3-15||Deutsche Bank||Raises Target||$57.00||$58.00||1.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when Bank Of New York Mellon presented its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a nice growth of 5.70% to $15,986.00 M dollars. In contrary, its income margin (compared to sales) stayed constant to 26.69%, that is $4,266.00 million. Bank Of New York Mellon fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Bank Of New York Mellon TTM sales up to March 2019 were $15,722.00 and income $4,041.00 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem Bank Of New York Mellon business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, declined a bad -1.65%. Slightly better, profit margin (net income/revenues) remained stable at 26.69%.
|2014||$15,264 M||-||$2,567 M16.8%||-|
|2015||$14,813 M||-2.95%||$3,158 M21.3%||23.02%|
|2016||$14,832 M||0.13%||$3,547 M23.9%||12.32%|
|2017||$15,124 M||1.97%||$4,090 M27.0%||15.31%|
|2018||$15,986 M||5.70%||$4,266 M26.7%||4.30%|
|TTM||$15,722 M||-1.65%||$4,041 M25.7%||-5.27%|
Quarterly financial resultsBank Of New York Mellon posted $3,808.00 M in sales for 2019-Q1, a -2.66% decline compared to previous quarter. Reported quarter earnings marked $946.00 M with a profit margin of 24.84%. Profit margin appreciated a 2.32% compared to previous quarter when profit margin was 22.52%. When comparing sales to same quarter last year, Bank Of New York Mellon sales marked a tragic slide and slipped a -6.48%. Looking back to recent quarterly results, Bank Of New York Mellon posted 4 positive quarters in a row.
|2017-Q4||$3,622 M||-||$1,175 M32.4%||-|
|2018-Q1||$4,072 M||12.42%||$1,171 M28.8%||-0.34%|
|2018-Q2||$4,032 M||-0.98%||$1,103 M27.4%||-5.81%|
|2018-Q3||$3,970 M||-1.54%||$1,111 M28.0%||0.73%|
|2018-Q4||$3,912 M||-1.46%||$881 M22.5%||-20.70%|
|2019-Q1||$3,808 M||-2.66%||$946 M24.8%||7.38%|
Bank Of New York Mellon ownershipWhen you are planning to invest in a company, it's worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Bank Of New York Mellon, 0.00% of all outstanding shares are owned by its staff.
In case of Bank Of New York Mellon stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BK stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Bank Of New York Mellon:
|Market cap||$43.7 B||$157.5 B||$37.3 B||$382.0 B||$22.8 B|
|Total shares||942.7 M||2,260.0 M||445.4 M||3,200.0 M||372.6 M|
|Float shares||859.3 M||2,250.0 M||445.3 M||3,110.0 M||351.9 M|
|- Institutional holdings (%)||0.0%||80.0%||54.1%||75.3%||89.9%|
|- Insider holdings (%)||0.0%||0.2%||0.1%||0.8%||0.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$46.23 - $47.17|
|Average true range||$1.09|
|50d mov avg||$44.39|
|100d mov avg||$44.58|
|200d mov avg||$47.18|
Bank Of New York Mellon performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected Citi, , J P Morgan Chase, State Street and Wells Fargo as the bechmarking frame for Bank Of New York Mellon stock.
|BKBank Of New York ...||7.51%||-7.04%||-11.07%|
|JPMJ P Morgan Chase||9.86%||21.43%||4.35%|
Bank Of New York Mellon competitorsWe chose a few stocks to conform a list of Bank Of New York Mellon competitors to review if you are interested in investing in BK:
Latest BK stock news
- Seeking AlphaBank Of New York Mellon - Possible Double-Digit Returns In The Long TermJuly 31, 2019
- Seeking AlphaBank Of New York Mellon Is A Solid Pick At ~$43/ShareJuly 18, 2019
- Seeking AlphaRevisiting The Bank Of New York MellonJuly 11, 2019
- Seeking AlphaBank Of New York Mellon: Optimistic FY19 Price TargetFebruary 24, 2019
- Seeking AlphaBank Of New York Mellon; Is This What Warren Buffett Saw?December 6, 2018